FineMark National Bank & Trust Sells 3,933 Shares of Ford Motor (NYSE:F)

FineMark National Bank & Trust lowered its position in Ford Motor (NYSE:F) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,936 shares of the auto manufacturer’s stock after selling 3,933 shares during the period. FineMark National Bank & Trust’s holdings in Ford Motor were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Quest Partners LLC bought a new position in shares of Ford Motor in the third quarter worth about $96,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ford Motor in the 3rd quarter worth about $186,000. Great Valley Advisor Group Inc. increased its position in shares of Ford Motor by 2.9% during the third quarter. Great Valley Advisor Group Inc. now owns 58,914 shares of the auto manufacturer’s stock worth $622,000 after acquiring an additional 1,652 shares during the period. Cerity Partners LLC raised its stake in shares of Ford Motor by 10.8% during the third quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock valued at $3,422,000 after acquiring an additional 31,707 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Ford Motor by 36.5% in the third quarter. Kingsview Wealth Management LLC now owns 123,911 shares of the auto manufacturer’s stock valued at $1,309,000 after purchasing an additional 33,138 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.3 %

Shares of F stock opened at $10.32 on Thursday. The stock’s fifty day moving average price is $9.76 and its 200 day moving average price is $10.29. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The company has a market cap of $40.89 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.82%. Ford Motor’s payout ratio is currently 41.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore ISI decreased their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.50.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.